Last updated on November 24th, 2018 at 05:40 amSouthwest Airlines Co. (NYSE: LUV) is a major U.S. airline headquartered in Dallas, Texas, and the world’s largest low-cost carrier.┬áThe airline was established in 1967 by Herb Kelleher as Air Southwest and then adopted its current name, Southwest Airlines, in 1971 when it began operating as an